Boulder-based Avery Brewing Co. bought a 5.6-acre property in Gunbarrel that will serve as the home for its new brewery and headquarters, officials for the local craft brewery announced Thursday night.

Larry Avery and his son Adam, who established the brewery in 1993, closed on the land at 4910 Nautilus Court, just northwest of Twin Lakes. Joe Osborne, marketing director for Avery Brewing, said the Averys paid $1.525 million for the land.

Earlier this year, Avery Brewing received the city of Boulder’s approval for the $27 million project to build a 95,922-square-foot brewery, restaurant, gift shop and tap room.

The land acquisition puts Avery Brewing another step closer to opening a facility that would solve capacity woes that have hindered the brewer’s ability to expand distribution and respond to increases in demand, officials say.

Alicia Wallace joined The Cannabist in July 2016, covering national marijuana policy and business. She contributes to the Denver Post's beer industry coverage. In her 13 years as a business news reporter, her coverage has spanned the economy, Sports Authority, airlines, biotech, technology and natural foods.

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